Common questions asked concerning the Barnsley Building Society Conveyancing Panel
from members of the public
I instructed a solicitor to conveyancing on my house purchase 4 weeks ago having applied for a mortgage with Barnsley Building Society. The law firm confirmed to me that they are on Barnsley Building Society conveyancing panel and advised me their panel number. Barnsley Building Society then called me to say that their panel number was dormant and would need to be reactivated. What happens next? Do I instruct a different law firm listed on the conveyancing panel for Barnsley Building Society?
You may be very frustrated with the lawyer but if it only go take a few more days they it may be worth waiting as, depending on how far progressed you are you may end up delaying the transaction by a number of weeks if you need to replace your solicitor You may wish to enlist the help of your broker to check with the Barnsley Building Society as to how long they think it will take to get the firm to get back on the panel.
Our lawyer has identified a problem with the lease for the property we are buying. The seller’s lawyers have put forward title insurance as a workaround. We are happy with insurance and will cover the costs. Our solicitor has advised that as he is on the Barnsley Building Society conveyancing panel he must ensure that the lender is happy with this solution. Who is the client here, us or Barnsley Building Society?
Just because you have a mortgage offer from Barnsley Building Society does not mean to say that the property will be meet their requirements for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the CML Handbook Requirements. You and Barnsley Building Society are the client. These conveyancing instructions have to be complied with by the Barnsley Building Society conveyancing panel who has to balance acting for you and Barnsley Building Society
Whilst your website is a good idea there are many lawyers listed near London on the Barnsley Building Society conveyancing panel. Can you recommend a specific firm on the conveyancing panel for Barnsley Building Society ?
We are not in the business of recommending one firm above another as the right firm for you depends on where your priorities lie. For example you may require a local firm with local knowledge or you might be looking for the low cost conveyancing. We recommend that you speak to 3 or 4 lawyers listed before you make your choice..
I am purchasing a terraced house and getting a mortgage with Barnsley Building Society. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing you will have to appoint a solicitor on the Barnsley Building Society conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to made in you doing to conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on the Barnsley Building Society conveyancing panel in your location.
We have agreed to purchase a house.One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Barnsley Building Society be concerned
Given that you are obtaining a mortgage with Barnsley Building Society your lawyer must to check the Barnsley Building Society conveyancing instructions contained in the Part of CML Handbook for Barnsley Building Society . The CML Handbook contains minimum requirements for solar panel roof-space leases, and solicitors are required to report to Barnsley Building Society where a lease does not meet these requirements. The requirements relate to the installation of panels on properties in England and Wales. The CML are developing guidance for Northern Ireland and Scotland.
We expect to receive a DIP from Barnsley Building Society this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc).Do the Barnsley Building Society recommend a solicitor on the Barnsley Building Society conveyancing panel, or is it better to find our own lawyer
You will need to appoint solicitors independently although you'll need to choose one on the Barnsley Building Society conveyancing panel. The solicitor represents both you and the Barnsley Building Society through the process.
It is not clear whether my mortgage offer requires a lease extension . I have telephoned Barnsley Building Society on numerous occasions and told it wasn't a problem and they would lend. My solicitor - who is on the Barnsley Building Society conveyancing panel- telephoned and was told not they would not lend in accordance with their CML Handbook minimum lease term requirements. Who do I believe?
Your lawyer has to follow the CML Handbook Part 2 requirements for Barnsley Building Society. Unless your lawyer obtains specific confirmation in writing that Barnsley Building Society will go ahead your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask Barnsley Building Society to contact your lawyer in writing confirming that they will accept the remaining number of years left on the lease.